Public distrust is biggest cost of TARP, Barofsky says

market watch ^ | 10-22-09 | rex nutting

[WOBBLY BOB]

WASHINGTON (MarketWatch) -- The government has spent trillions to rescue the banking system from the brink of disaster, but the biggest cost may be the loss in the government's credibility from an understandably distrustful and angry public, according to a quarterly report released Wednesday by the congressional watchdog over the bank bailout.

[WOBBLY BOB]

no kidding! why would the public not trust these assclowns?

[KarlInOhio]

I would say the trillions of dollars is a bigger loss. I wouldn't have given $1.98 for the public trust of Congress this time last year.

[Freddd]

The biggest Heist ever pulled on Americans..TARP’s and ‘stimulus’.....literally stold money from us and our descendants for generations, to bail out Geithner, Obama, Reid and Pelosi’s buddies.

Theft before their eyes, in plain sight.

[Freddd]

Aww poor babies, I guess they have to make those BILLIONS that was confiscated from us, last longer, eh?

[paratrooper82]

At least those who did not work for the money got it, that is called “justice” and redistribution of wealth to those it was stolen from in the begiining. According to Obumbum. sarc/off

[mo]

Of course. Its the PEONS and PEASANTS fault they refuse to acknowledge the grandeur and supremacy of Congress and Der Leader!!

Maybe, just maybe THIS has something to do with it?

http://www.republicans.waysandmeans.house.gov/News/DocumentSingle.aspx?DocumentID=150826

And, Oh, BTW ...when the GOP ran things...until December 2006—remember “The Worst Economy Ever” the MSM assured us..unemployment was 4.5%.

[houston1]

to bail out Geithner, Obama, Reid and Pelosi’s buddies

why would Bush have wanted to bail out the folks you mention?

[Lorianne]

Comrade Bush and Paulson (and criminaly complicit Congress) started it off by giving these people taxpayer money AGAINST OUR WISHES.

Comrade Obama and Bernake (and criminally complicit Congress) has continued it doing it.

And now they have the damn nerve to complain about something THEY DID!

They should all end up in jail, every last one of them that voted for or signed off on these “bailouts”.

I truly hope it will one day be revealed which ones in our government got kickbacks from these ulta-scummy deals and they rot in prison for the rest of they lives.